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5002

Maharashtra Seamless BSE:500265 Stock Report

Last Price

₹746.05

Market Cap

₹50.0b

7D

1.1%

1Y

101.0%

Updated

04 Oct, 2022

Data

Company Financials +
500265 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance5/6
Financial Health5/6
Dividends2/6

500265 Stock Overview

Maharashtra Seamless Limited manufactures and sells seamless steel pipes and tubes in India.

Maharashtra Seamless Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Maharashtra Seamless
Historical stock prices
Current Share Price₹746.05
52 Week High₹850.85
52 Week Low₹352.40
Beta0.78
1 Month Change-8.53%
3 Month Change14.17%
1 Year Change100.96%
3 Year Change104.01%
5 Year Change65.61%
Change since IPO6,040.33%

Recent News & Updates

Shareholder Returns

500265IN Metals and MiningIN Market
7D1.1%-0.3%-0.6%
1Y101.0%-13.8%-3.0%

Return vs Industry: 500265 exceeded the Indian Metals and Mining industry which returned -13.8% over the past year.

Return vs Market: 500265 exceeded the Indian Market which returned -3% over the past year.

Price Volatility

Is 500265's price volatile compared to industry and market?
500265 volatility
500265 Average Weekly Movement4.8%
Metals and Mining Industry Average Movement5.9%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 500265 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 500265's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19881,431Raghav Jindalhttps://www.jindal.com/msl

Maharashtra Seamless Limited manufactures and sells seamless steel pipes and tubes in India. It operates through three segments: Steel Pipes & Tubes, Power – Electricity, and RIG. The company offers mild steel and galvanized pipes; API line pipes; oil country tubular goods (OCTG) pipes, such as casing tubing, drill pipes, coupling stocks, etc.; and hot finished pipes and tubes, and cold drawn and boiler tubes.

Maharashtra Seamless Fundamentals Summary

How do Maharashtra Seamless's earnings and revenue compare to its market cap?
500265 fundamental statistics
Market Cap₹49.99b
Earnings (TTM)₹4.38b
Revenue (TTM)₹48.44b

11.4x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500265 income statement (TTM)
Revenue₹48.44b
Cost of Revenue₹32.94b
Gross Profit₹15.50b
Other Expenses₹11.12b
Earnings₹4.38b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)65.32
Gross Margin32.00%
Net Profit Margin9.03%
Debt/Equity Ratio19.2%

How did 500265 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

8%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 500265 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500265?

Other financial metrics that can be useful for relative valuation.

500265 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA7.6x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 500265's PE Ratio compare to its peers?

500265 PE Ratio vs Peers
The above table shows the PE ratio for 500265 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.9x
539597 Jindal Stainless (Hisar)
3.2x-34.0%₹59.9b
532508 Jindal Stainless
3.6x-0.02%₹68.8b
MIDHANI Mishra Dhatu Nigam
22.8xn/a₹40.1b
532734 Godawari Power & Ispat
2.8xn/a₹38.8b
500265 Maharashtra Seamless
11.9x23.4%₹52.0b

Price-To-Earnings vs Peers: 500265 is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (8x).


Price to Earnings Ratio vs Industry

How does 500265's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

Price-To-Earnings vs Industry: 500265 is good value based on its Price-To-Earnings Ratio (11.9x) compared to the Indian Metals and Mining industry average (12.7x)


Price to Earnings Ratio vs Fair Ratio

What is 500265's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500265 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: 500265 is good value based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).


Share Price vs Fair Value

What is the Fair Price of 500265 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500265 (₹775.75) is trading above our estimate of fair value (₹42.79)

Significantly Below Fair Value: 500265 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Maharashtra Seamless forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500265's forecast earnings growth (23.4% per year) is above the savings rate (6.8%).

Earnings vs Market: 500265's earnings (23.4% per year) are forecast to grow faster than the Indian market (18.4% per year).

High Growth Earnings: 500265's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 500265's revenue (3.3% per year) is forecast to grow slower than the Indian market (10.6% per year).

High Growth Revenue: 500265's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 500265's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Maharashtra Seamless performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 500265 has high quality earnings.

Growing Profit Margin: 500265's current net profit margins (9%) are higher than last year (6.9%).


Past Earnings Growth Analysis

Earnings Trend: 500265's earnings have grown by 10.3% per year over the past 5 years.

Accelerating Growth: 500265's earnings growth over the past year (150.5%) exceeds its 5-year average (10.3% per year).

Earnings vs Industry: 500265 earnings growth over the past year (150.5%) exceeded the Metals and Mining industry 28.8%.


Return on Equity

High ROE: 500265's Return on Equity (12.5%) is considered low.


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Financial Health

How is Maharashtra Seamless's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 500265's short term assets (₹26.5B) exceed its short term liabilities (₹8.4B).

Long Term Liabilities: 500265's short term assets (₹26.5B) exceed its long term liabilities (₹8.5B).


Debt to Equity History and Analysis

Debt Level: 500265's net debt to equity ratio (11.1%) is considered satisfactory.

Reducing Debt: 500265's debt to equity ratio has reduced from 22.8% to 19.2% over the past 5 years.

Debt Coverage: 500265's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 500265's interest payments on its debt are well covered by EBIT (11.3x coverage).


Balance Sheet


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Dividend

What is Maharashtra Seamless's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.67%

Current Dividend Yield

Dividend Yield vs Market

Maharashtra Seamless Dividend Yield vs Market
How does Maharashtra Seamless dividend yield compare to the market?
SegmentDividend Yield
Company (Maharashtra Seamless)0.7%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Metals and Mining)6.4%
Analyst forecast in 3 Years (Maharashtra Seamless)0.7%

Notable Dividend: 500265's dividend (0.64%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: 500265's dividend (0.64%) is low compared to the top 25% of dividend payers in the Indian market (1.63%).


Stability and Growth of Payments

Stable Dividend: 500265's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500265's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (7.7%), 500265's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 500265 is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

10.2yrs

Average board tenure


CEO

Raghav Jindal (42 yo)

0.083yr

Tenure

Mr. Raghav Jindal serves as Managing Director of Maharashtra Seamless Limited and serves as its Director since September 21, 2022. He serves as the Managing Director of Jindal Drilling & Industries Ltd sin...


Board Members

Experienced Board: 500265's board of directors are seasoned and experienced ( 10.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 500265 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BSE:500265 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
29 Sep 22Buy₹9,403,644Saket JindalIndividual12,500₹752.29
29 Sep 22Buy₹34,746,821Sudha Apparels LimitedCompany50,000₹694.94
28 Sep 22Buy₹36,954,103Sudha Apparels LimitedCompany50,000₹739.08
22 Sep 22Buy₹9,242,158Saket JindalIndividual11,300₹817.89
10 Aug 22Buy₹3,977,425Saket JindalIndividual5,300₹750.46
10 Aug 22Buy₹13,514,747Sudha Apparels LimitedCompany18,000₹750.82
08 Aug 22Buy₹24,104,180Sudha Apparels LimitedCompany32,000₹753.26
29 Jul 22Buy₹37,498,987Sudha Apparels LimitedCompany50,000₹749.98
31 May 22Buy₹28,416,363Sudha Apparels LimitedCompany51,100₹556.09
15 Mar 22Buy₹51,263,949Sudha Apparels LimitedCompany92,400₹554.80
14 Mar 22Buy₹173,183,304Sudha Apparels LimitedCompany315,461₹551.50
10 Mar 22Buy₹168,872,092Sudha Apparels LimitedCompany319,991₹527.89
08 Mar 22Buy₹110,731,421Sudha Apparels LimitedCompany218,593₹506.57
04 Mar 22Buy₹50,190,142Sudha Apparels LimitedCompany98,567₹509.20
28 Feb 22Buy₹19,664,261Sudha Apparels LimitedCompany40,312₹488.45
23 Feb 22Buy₹16,867,339Sudha Apparels LimitedCompany33,858₹498.18
23 Feb 22Buy₹56,574,160Dharam JindalIndividual113,350₹499.50
18 Feb 22Buy₹12,950,395Sudha Apparels LimitedCompany24,648₹525.41
16 Feb 22Buy₹6,133,417Sudha Apparels LimitedCompany11,926₹514.29
14 Feb 22Buy₹18,744,978Sudha Apparels LimitedCompany36,005₹520.62
31 Dec 21Buy₹111,178,417Sudha Apparels LimitedCompany218,044₹513.11
20 Dec 21Buy₹36,694,726Sudha Apparels LimitedCompany75,032₹489.05
06 Dec 21Buy₹118,792,974Sudha Apparels LimitedCompany237,147₹506.29
03 Nov 21Buy₹150,208,499Sudha Apparels LimitedCompany299,000₹502.37

Ownership Breakdown

What is the ownership structure of 500265?
Owner TypeNumber of SharesOwnership Percentage
State or Government859,8171.3%
General Public951,4481.4%
Public Companies2,852,5404.3%
Institutions4,774,7967.1%
Individual Insiders7,916,06811.8%
Private Companies49,644,95774.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 98.54% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
17.45%
Odd & Even Trades & Finance Pvt Ltd
11,688,500₹8.7b0%no data
17.28%
Stable Trading Company Ltd.
11,577,044₹8.6b0%no data
11.26%
Aadi Financial Advisors LLP
7,545,532₹5.6b1019.65%no data
8.59%
Brahmadev Holding & Trading Ltd.
5,755,492₹4.3b0%no data
8.1%
Global Jindal Fin-Invest Ltd
5,424,944₹4.0b0%no data
5.42%
Sudha Apparels Limited
3,629,077₹2.7b5.83%no data
4.91%
Lata Bhanshali
3,291,939₹2.5b-0.03%no data
4.26%
Haryana Capfin Limited
2,852,540₹2.1b0%no data
3.36%
Saket Jindal
2,250,710₹1.7b1.31%no data
2.93%
L&T Investment Management Limited
1,960,734₹1.5b3.79%0.36%
2.28%
GVN Fuels Ltd.
1,526,179₹1.1b0%no data
2%
Prescient Wealth Management Private Limited., Asset Management Arm
1,341,891₹1.0b74.68%31.41%
1.85%
Dharam Jindal
1,242,441₹926.9m0%no data
1.66%
Pushpanjali Investrade Ltd
1,114,285₹831.3m0%no data
1.65%
IDFC Asset Management Company Limited
1,107,963₹826.6m0%0.3%
1.62%
Akash Bhanshali
1,088,254₹811.9m-7.07%no data
1.28%
Investor Education and Protection Fund (IEPF)
859,817₹641.5m73.38%no data
1.01%
Jhanjhari Holdings Pvt. Ltd
673,917₹502.8m-49.78%no data
0.54%
Amruit Promoters & Finance Pvt Ltd
358,550₹267.5m0%no data
0.39%
Dimensional Fund Advisors LP
262,224₹195.6m0%no data
0.38%
Swot Trading & Services LLP
257,731₹192.3m0%no data
0.14%
Flakt Dealcomm Ltd
93,506₹69.8m0%no data
0.086%
AXA Investment Managers S.A.
57,501₹42.9m0%no data
0.054%
Shruti Jindal
36,224₹27.0m0%no data
0.035%
LIC Mutual Fund Asset Management Limited
23,500₹17.5m0%0.02%

Company Information

Maharashtra Seamless Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Maharashtra Seamless Limited
  • Ticker: 500265
  • Exchange: BSE
  • Founded: 1988
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: ₹49.985b
  • Shares outstanding: 67.00m
  • Website: https://www.jindal.com/msl

Number of Employees


Location

  • Maharashtra Seamless Limited
  • 5 Pusa Road
  • 2nd Floor
  • New Delhi
  • Delhi
  • 110005
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500265BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 1996
MAHSEAMLESNSEI (National Stock Exchange of India)YesEquity SharesININRJun 1996

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.